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Diamond Gear Company, Ltd. (“Diamond Gear”), headquartered in Houston, Texas, has been acquired by ERIKS nv (“ERIKS”). Statesman Business Advisors, LLC (“Statesman”) acted as a financial advisor to Diamond Gear.
Diamond Gear, established in 1997, is a manufacturer of Industrial Worm Gears, Bevel Gears, and Declutchable Worm Gears, and the exclusive North American representative and master distributor for a high-technology line of pneumatic, rack and pinion actuators, used for valve automation. Diamond Gear maintains substantial inventories of the full range of its product offerings and provides value added services through its in-house machine shop to modify the gears and fabricate mounting hardware to fit just about any valve configuration. Diamond Gear supplies its products and services primarily to valve manufacturers, valve distributors, and valve repair and modification shops throughout the Gulf Coast region.
ERIKS, based in the Netherlands, together with its subsidiaries, procures, stores, processes, sells, and distributes a range of mechanical engineering components in Europe, the United States, and southeast Asia. |
